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Originally Posted by Bowser
I don't believe that is correct. The guy in the Carolinas that won the 315 mil PB took home 111 million.
Based on that, it would seem like you would take home around 140 mil.
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Per the Powerball web site, the current cash value is $177.3 million. Your federal taxes on that (married filing jointly) would be about $62 million. Depending on your state, you're going to have another $3 mil or so in state tax on top of that. So it's
only $112 million, or 30% of the posted jackpot value. Divide by three, divide by four, it's all about the same.
